Asked by Phoenix Friday on May 21, 2024
Verified
A wholesaler sells to retailers at a 27% discount from the suggested retail price. What is the suggested retail price of an item that costs the retailer $100?
Suggested Retail Price
The price a manufacturer recommends retailers to sell their product for to consumers.
Discount
A reduction in the price of a product or service, often to attract customers or to sell off excess stock.
- Understand and apply discounts and markups in pricing strategies.
Verified Answer
WL
Learning Objectives
- Understand and apply discounts and markups in pricing strategies.